Apr 9: StoxPlus Morning Brief

Macro Economy

• Inflation Expected to See Modest Reheating in April
  Inflation in April is expected to rise by a one-month rate of as much as 0.5 per cent, representing an increase over last month’s very gradual increase in the consumer price index of just 0.16 per cent.

• Vietnam’s Economy Obtains Positive Results in Q1
  Vietnam is among the brightest emerging markets in Southeast Asia. Amidst the financial crunch, its economy remained sturdy with some growth in the first quarter of 2012.

• Garments and Textiles Lead Exports in Q1
  Garments and textiles retained their role as Vietnam’s leading exports in the first quarter of 2012, with export earnings reaching US$3.2 billion, a year-on-year increase of 15.4 percent.

• Business Optimism Declines in Vietnam Despite Global Uplift
  Business optimism in Vietnam fell dramatically in the first quarter even as improving optimism in major economies offers hope for global recovery, according to accounting and advisory firm Grant Thornton.

• Vietnam Targets to Reach $100Bln Export Value In 2012
  Vietnam targets to reach $100 billion export turnover in 2012 to be in the top 5 largest exporters in ASEAN region in the year.

• Vietnam Central Bank to Cut Rates by 1% Every Quarter
  The State Bank of Vietnam (SBV) plans to reduce benchmark interest rates by 1% every quarter, expecting rates to ease to 10% p.a. by year end, the local online newspaper VnExpress.net reported.

• Vietnam Banks Plan to Lower Rates Further
  Local commercial banks may seek to cut lending interest rates further, a move to boost credit growth, which has seen significant contraction in Q1/2012, the local online newspaper VnExpress.net reported, citing a source close to the matter.

Market News

• Brokers Say Bear Market in Sight
  Securities enterprises have expressed concern that the bear market would dominate trade again this week given seesaw transactions and low liquidity before the Hung Kings’ death anniversary holiday.

• M&A Deals in Q1 Continue to Be Vibrant
  Mergers and Acquisitions (M & A) activities in the first quarter this year continue to be vibrant. However, most big deals are issuances of shares to foreign partners.

• Vietnam Stocks: Saigon Securities, PetroVietnam Finance, LIX
  Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11:30 a.m. break in Ho Chi Minh City.

Corporate Events

• AAM – Annual General Meeting 09/04/2012

·         EID – Annual General Meeting 09/04/2012

·         NTW – New listing 09/04/2012

·         PIV – Annual General Meeting 09/04/2012

·         VXB – Annual General Meeting 09/04/2012

·         PXM – Annual General Meeting 09/04/2012

·         ICF – Annual General Meeting 09/04/2012

·         VES – Listing Suspension 09/04/2012

·         TTF – Annual General Meeting 09/04/2012

·         HBD – Annual General Meeting 09/04/2012

·         KSC – Annual General Meeting 09/04/2012

·         SD8 – Annual General Meeting 09/04/2012

·         TS4 – Annual General Meeting 09/04/2012

·         TRI – Listing Suspension 09/04/2012

·         VE3 – Annual General Meeting 09/04/2012

Corporate News

• BBS: Announces 2012 AGM Resolution


• BDB: Announces 2012 AGM Resolution


• CLC: Targets VMD60Bln Pre-tax Profit in 2012


• CMS: Targets VND29Bln Net Profit in 2012


• CMC: Announces 2012 AGM Resolution


• DRL: Targets VND32Bln Net Profit in 2012


• HOM: Announces 2012 AGM Resolution


• NTW: Posts VND28Bln Audited Net Profit in 2011


• PSC: Announces 2012 AGM Resolution


• VCM: Announces 2012 AGM Resolution